LED Driver Market Size, Share, and Trends 2024 to 2034

The global LED driver market size accounted for USD 8.78 billion in 2024, grew to USD 10.95 billion in 2025 and is predicted to surpass around USD 79.23 billion by 2034, representing a healthy CAGR of 24.60% between 2024 and 2034.

  • Last Updated : November 2024
  • Report Code : 2446
  • Category : Semiconductor and Electronic

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis 

4.3.2. Sales and Distribution Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on LED Driver Market 

5.1. COVID-19 Landscape: LED Driver Industry Impact

5.2. COVID 19 - Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global LED Driver Market, By Product

8.1. LED Driver Market, by Product, 2024-2034

8.1.1. Constant Voltage

8.1.1.1. Market Revenue and Forecast (2021-2034)

8.1.2. Constant Current

8.1.2.1. Market Revenue and Forecast (2021-2034)

Chapter 9. Global LED Driver Market, By Luminaire Type

9.1. LED Driver Market, by Luminaire Type, 2024-2034

9.1.1. Decorative Lamps

9.1.1.1. Market Revenue and Forecast (2021-2034)

9.1.2. Reflectors

9.1.2.1. Market Revenue and Forecast (2021-2034)

9.1.3. Type A Lamp

9.1.3.1. Market Revenue and Forecast (2021-2034)

9.1.4. Others

9.1.4.1. Market Revenue and Forecast (2021-2034)

Chapter 10. Global LED Driver Market, By Component

10.1. LED Driver Market, by Component, 2024-2034

10.1.1. Driver IC

10.1.1.1. Market Revenue and Forecast (2021-2034)

10.1.2. Discrete Component

10.1.2.1. Market Revenue and Forecast (2021-2034)

10.1.3. Others

10.1.3.1. Market Revenue and Forecast (2021-2034)

Chapter 11. Global LED Driver Market, By Control Feature

11.1. LED Driver Market, by Control Feature, 2024-2034

11.1.1. Wired

11.1.1.1. Market Revenue and Forecast (2021-2034)

11.1.2. Wireless

11.1.2.1. Market Revenue and Forecast (2021-2034)

Chapter 12. Global LED Driver Market, By Application

12.1. LED Driver Market, by Application, 2024-2034

12.1.1. General Lighting

12.1.1.1. Market Revenue and Forecast (2021-2034)

12.1.2. Electronic Devices

12.1.2.1. Market Revenue and Forecast (2021-2034)

12.1.3. Automotive Lighting

12.1.3.1. Market Revenue and Forecast (2021-2034)

12.1.4. Lighting Outdoor Display

12.1.4.1. Market Revenue and Forecast (2021-2034)

Chapter 13. Global LED Driver Market, By End-User

13.1. LED Driver Market, by End-User, 2024-2034

13.1.1. Residential

13.1.1.1. Market Revenue and Forecast (2021-2034)

13.1.2. Commercial

13.1.2.1. Market Revenue and Forecast (2021-2034)

13.1.3. Industrial

13.1.3.1. Market Revenue and Forecast (2021-2034)

Chapter 14. Global LED Driver Market, Regional Estimates and Trend Forecast

14.1. North America

14.1.1. Market Revenue and Forecast, by Product (2021-2034)

14.1.2. Market Revenue and Forecast, by Luminaire Type (2021-2034)

14.1.3. Market Revenue and Forecast, by Component (2021-2034)

14.1.4. Market Revenue and Forecast, by Control Feature (2021-2034)

14.1.5. Market Revenue and Forecast, by Application (2021-2034)

14.1.6. Market Revenue and Forecast, by End-User (2021-2034)

14.1.7. U.S.

14.1.7.1. Market Revenue and Forecast, by Product (2021-2034)

14.1.7.2. Market Revenue and Forecast, by Luminaire Type (2021-2034)

14.1.7.3. Market Revenue and Forecast, by Component (2021-2034)

14.1.7.4. Market Revenue and Forecast, by Control Feature (2021-2034)

14.1.8. Market Revenue and Forecast, by Application (2021-2034)

14.1.8.1. Market Revenue and Forecast, by End-User (2021-2034) 

14.1.9. Rest of North America

14.1.9.1. Market Revenue and Forecast, by Product (2021-2034)

14.1.9.2. Market Revenue and Forecast, by Luminaire Type (2021-2034)

14.1.9.3. Market Revenue and Forecast, by Component (2021-2034)

14.1.9.4. Market Revenue and Forecast, by Control Feature (2021-2034)

14.1.10. Market Revenue and Forecast, by Application (2021-2034)

14.1.11. Market Revenue and Forecast, by End-User (2021-2034)

14.1.11.1.

14.2. Europe

14.2.1. Market Revenue and Forecast, by Product (2021-2034)

14.2.2. Market Revenue and Forecast, by Luminaire Type (2021-2034)

14.2.3. Market Revenue and Forecast, by Component (2021-2034)

14.2.4. Market Revenue and Forecast, by Control Feature (2021-2034) 

14.2.5. Market Revenue and Forecast, by Application (2021-2034)

14.2.6. Market Revenue and Forecast, by End-User (2021-2034)

14.2.7.

14.2.8. UK

14.2.8.1. Market Revenue and Forecast, by Product (2021-2034)

14.2.8.2. Market Revenue and Forecast, by Luminaire Type (2021-2034)

14.2.8.3. Market Revenue and Forecast, by Component (2021-2034)

14.2.9. Market Revenue and Forecast, by Control Feature (2021-2034) 

14.2.10. Market Revenue and Forecast, by Application (2021-2034)

14.2.10.1. Market Revenue and Forecast, by End-User (2021-2034) 

14.2.11. Germany

14.2.11.1. Market Revenue and Forecast, by Product (2021-2034)

14.2.11.2. Market Revenue and Forecast, by Luminaire Type (2021-2034)

14.2.11.3. Market Revenue and Forecast, by Component (2021-2034)

14.2.12. Market Revenue and Forecast, by Control Feature (2021-2034)

14.2.13. Market Revenue and Forecast, by Application (2021-2034)

14.2.14. Market Revenue and Forecast, by End-User (2021-2034)

14.2.14.1.

14.2.15. France

14.2.15.1. Market Revenue and Forecast, by Product (2021-2034)

14.2.15.2. Market Revenue and Forecast, by Luminaire Type (2021-2034)

14.2.15.3. Market Revenue and Forecast, by Component (2021-2034)

14.2.15.4. Market Revenue and Forecast, by Control Feature (2021-2034)

14.2.16. Market Revenue and Forecast, by Application (2021-2034)

14.2.16.1. Market Revenue and Forecast, by End-User (2021-2034)

14.2.17. Rest of Europe

14.2.17.1. Market Revenue and Forecast, by Product (2021-2034)

14.2.17.2. Market Revenue and Forecast, by Luminaire Type (2021-2034)

14.2.17.3. Market Revenue and Forecast, by Component (2021-2034)

14.2.17.4. Market Revenue and Forecast, by Control Feature (2021-2034)

14.2.18. Market Revenue and Forecast, by Application (2021-2034)

14.2.18.1. Market Revenue and Forecast, by End-User (2021-2034)

14.3. APAC

14.3.1. Market Revenue and Forecast, by Product (2021-2034)

14.3.2. Market Revenue and Forecast, by Luminaire Type (2021-2034)

14.3.3. Market Revenue and Forecast, by Component (2021-2034)

14.3.4. Market Revenue and Forecast, by Control Feature (2021-2034)

14.3.5. Market Revenue and Forecast, by Application (2021-2034)

14.3.6. Market Revenue and Forecast, by End-User (2021-2034)

14.3.7. India

14.3.7.1. Market Revenue and Forecast, by Product (2021-2034)

14.3.7.2. Market Revenue and Forecast, by Luminaire Type (2021-2034)

14.3.7.3. Market Revenue and Forecast, by Component (2021-2034)

14.3.7.4. Market Revenue and Forecast, by Control Feature (2021-2034)

14.3.8. Market Revenue and Forecast, by Application (2021-2034)

14.3.9. Market Revenue and Forecast, by End-User (2021-2034)

14.3.10. China

14.3.10.1. Market Revenue and Forecast, by Product (2021-2034)

14.3.10.2. Market Revenue and Forecast, by Luminaire Type (2021-2034)

14.3.10.3. Market Revenue and Forecast, by Component (2021-2034)

14.3.10.4. Market Revenue and Forecast, by Control Feature (2021-2034)

14.3.11. Market Revenue and Forecast, by Application (2021-2034)

14.3.11.1. Market Revenue and Forecast, by End-User (2021-2034)

14.3.12. Japan

14.3.12.1. Market Revenue and Forecast, by Product (2021-2034)

14.3.12.2. Market Revenue and Forecast, by Luminaire Type (2021-2034)

14.3.12.3. Market Revenue and Forecast, by Component (2021-2034)

14.3.12.4. Market Revenue and Forecast, by Control Feature (2021-2034)

14.3.12.5. Market Revenue and Forecast, by Application (2021-2034)

14.3.12.6. Market Revenue and Forecast, by End-User (2021-2034)

14.3.13. Rest of APAC

14.3.13.1. Market Revenue and Forecast, by Product (2021-2034)

14.3.13.2. Market Revenue and Forecast, by Luminaire Type (2021-2034)

14.3.13.3. Market Revenue and Forecast, by Component (2021-2034)

14.3.13.4. Market Revenue and Forecast, by Control Feature (2021-2034)

14.3.13.5. Market Revenue and Forecast, by Application (2021-2034)

14.3.13.6. Market Revenue and Forecast, by End-User (2021-2034)

14.4. MEA

14.4.1. Market Revenue and Forecast, by Product (2021-2034)

14.4.2. Market Revenue and Forecast, by Luminaire Type (2021-2034)

14.4.3. Market Revenue and Forecast, by Component (2021-2034)

14.4.4. Market Revenue and Forecast, by Control Feature (2021-2034)

14.4.5. Market Revenue and Forecast, by Application (2021-2034)

14.4.6. Market Revenue and Forecast, by End-User (2021-2034)

14.4.7. GCC

14.4.7.1. Market Revenue and Forecast, by Product (2021-2034)

14.4.7.2. Market Revenue and Forecast, by Luminaire Type (2021-2034)

14.4.7.3. Market Revenue and Forecast, by Component (2021-2034)

14.4.7.4. Market Revenue and Forecast, by Control Feature (2021-2034)

14.4.8. Market Revenue and Forecast, by Application (2021-2034)

14.4.9. Market Revenue and Forecast, by End-User (2021-2034)

14.4.10. North Africa

14.4.10.1. Market Revenue and Forecast, by Product (2021-2034)

14.4.10.2. Market Revenue and Forecast, by Luminaire Type (2021-2034)

14.4.10.3. Market Revenue and Forecast, by Component (2021-2034)

14.4.10.4. Market Revenue and Forecast, by Control Feature (2021-2034)

14.4.11. Market Revenue and Forecast, by Application (2021-2034)

14.4.12. Market Revenue and Forecast, by End-User (2021-2034)

14.4.13. South Africa

14.4.13.1. Market Revenue and Forecast, by Product (2021-2034)

14.4.13.2. Market Revenue and Forecast, by Luminaire Type (2021-2034)

14.4.13.3. Market Revenue and Forecast, by Component (2021-2034)

14.4.13.4. Market Revenue and Forecast, by Control Feature (2021-2034)

14.4.13.5. Market Revenue and Forecast, by Application (2021-2034)

14.4.13.6. Market Revenue and Forecast, by End-User (2021-2034)

14.4.14. Rest of MEA

14.4.14.1. Market Revenue and Forecast, by Product (2021-2034)

14.4.14.2. Market Revenue and Forecast, by Luminaire Type (2021-2034)

14.4.14.3. Market Revenue and Forecast, by Component (2021-2034)

14.4.14.4. Market Revenue and Forecast, by Control Feature (2021-2034)

14.4.14.5. Market Revenue and Forecast, by Application (2021-2034)

14.4.14.6. Market Revenue and Forecast, by End-User (2021-2034)

14.5. Latin America

14.5.1. Market Revenue and Forecast, by Product (2021-2034)

14.5.2. Market Revenue and Forecast, by Luminaire Type (2021-2034)

14.5.3. Market Revenue and Forecast, by Component (2021-2034)

14.5.4. Market Revenue and Forecast, by Control Feature (2021-2034)

14.5.5. Market Revenue and Forecast, by Application (2021-2034)

14.5.6. Market Revenue and Forecast, by End-User (2021-2034)

14.5.7. Brazil

14.5.7.1. Market Revenue and Forecast, by Product (2021-2034)

14.5.7.2. Market Revenue and Forecast, by Luminaire Type (2021-2034)

14.5.7.3. Market Revenue and Forecast, by Component (2021-2034)

14.5.7.4. Market Revenue and Forecast, by Control Feature (2021-2034)

14.5.8. Market Revenue and Forecast, by Application (2021-2034)

14.5.8.1. Market Revenue and Forecast, by End-User (2021-2034)

14.5.9. Rest of LATAM

14.5.9.1. Market Revenue and Forecast, by Product (2021-2034)

14.5.9.2. Market Revenue and Forecast, by Luminaire Type (2021-2034)

14.5.9.3. Market Revenue and Forecast, by Component (2021-2034)

14.5.9.4. Market Revenue and Forecast, by Control Feature (2021-2034)

14.5.9.5. Market Revenue and Forecast, by Application (2021-2034)

14.5.9.6. Market Revenue and Forecast, by End-User (2021-2034)

Chapter 15. Company Profiles

15.1. ACE LEDS

15.1.1. Company Overview

15.1.2. Product Offerings

15.1.3. Financial Performance

15.1.4. Recent Initiatives

15.2. Cree LED

15.2.1. Company Overview

15.2.2. Product Offerings

15.2.3. Financial Performance

15.2.4. Recent Initiatives

15.3. Signify Holding

15.3.1. Company Overview

15.3.2. Product Offerings

15.3.3. Financial Performance

15.3.4. Recent Initiatives

15.4. Maxim Integrated

15.4.1. Company Overview

15.4.2. Product Offerings

15.4.3. Financial Performance

15.4.4. Recent Initiatives

15.5. Texas Instruments Incorporated

15.5.1. Company Overview

15.5.2. Product Offerings

15.5.3. Financial Performance

15.5.4. Recent Initiatives

15.6. NXP Semiconductors

15.6.1. Company Overview

15.6.2. Product Offerings

15.6.3. Financial Performance

15.6.4. Recent Initiatives

15.7. STMicroelectronics

15.7.1. Company Overview

15.7.2. Product Offerings

15.7.3. Financial Performance

15.7.4. Recent Initiatives

15.8. Bokedriver

15.8.1. Company Overview

15.8.2. Product Offerings

15.8.3. Financial Performance

15.8.4. Recent Initiatives

15.9. MEAN WELL Enterprises Co.

15.9.1. Company Overview

15.9.2. Product Offerings

15.9.3. Financial Performance

15.9.4. Recent Initiatives

15.10. Inventronics Inc.

15.10.1. Company Overview

15.10.2. Product Offerings

15.10.3. Financial Performance

15.10.4. Recent Initiatives

Chapter 16. Research Methodology

16.1. Primary Research

16.2. Secondary Research

16.3. Assumptions

Chapter 17. Appendix

17.1. About Us

17.2. Glossary of Terms

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